Here is a sell entry example i have put together to show you what i look for in the market when looking for a continuation entry
After an impulsive move in either direction we would expect to see a correction, then another impulsive move. The initial impulse move shows us that a lot of volume has entered the market and for this example that the sellers are in...
This tutorial on RSI is the first part of a RSI Masterclass series.
RSI or Relative Strength Index is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements.
Momentum is the rate of the rise or fall in price.
The RSI computes momentum as the ratio of higher closes to lower closes: cryptos which have had...
So the GER30 is at a weekly resistance with diminished strength as per my previous analysis attached.
After retesting the weekly high in the red circle, we now focus on the 1 hour chart where we can see a clear resistance being formed.
Moving to the 15 minute chart we need to see confirmation that the price action will break the low making a lower low (Point A)...
What we term as a 'shoulder' (Lower High/Higher Low) is a prime entry setup with statistically high probability. The important thing to note is that it is used in conjunction with price action to correctly identity when traders are being 'caught off-guard' on the wrong side of the action and forced to close. We like to term it the 'sweaty palm' feeling when you...
